Nippon Life India Asset Management Limited, asset manager of Nippon India Mutual Fund (NIMF), has announced the launch of India’s First Auto sector ETF – Nippon India Nifty Auto ETF. Nippon India Nifty Auto ETF will predominantly invest in stocks comprising of the Nifty Auto Index in the same proportion as the Index. It will provide exposure to Top 15 (as per Nifty Auto Index methodology) companies representing auto-related sectors like Automobiles 4 wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries, and Tyres.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The Nippon Auto ETF will start operation from January 5, 2022 to January 14, 2022. The minimum investment amount required is Rs 1,000 and in multiples of Rs 1 aftermath. The investment objective of the scheme is “to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Auto Index before expenses, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
India is set to consider to making the Advanced Emergency Braking Systems (AEBS) mandatory in…
Indian Space Research Organization (ISRO), the NVS-03 navigation satellite will be launched on October 30ht…
The Ajanta Caves, which are located inside a horseshoe-shaped gorge in Maharashtra, contain some of…
The Ministry of Communications, from the Department of Telecommunications (DoT) has notified the Telecommunications (Regulatory…
The 33rd edition of the bilateral maritime exercise between Singapore and India (SIMBEX-2026) commenced on…
Venerable folk artist Devadas Chimakode has won the prestigious annual honorary award of Karnataka Janapada…